Charter Communications, Inc. (CHTR) Shares Bought by Cornerstone Capital Management Holdings LLC.
Cornerstone Capital Management Holdings LLC. increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 10.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,157 shares of the company’s stock after acquiring an additional 3,909 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Charter Communications were worth $14,199,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in CHTR. BlackRock Inc. increased its stake in shares of Charter Communications by 2,782.4% in the 1st quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock valued at $3,997,603,000 after acquiring an additional 11,789,426 shares in the last quarter. FMR LLC increased its stake in shares of Charter Communications by 12.4% in the 1st quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after acquiring an additional 1,165,353 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Charter Communications by 2,099.6% in the 2nd quarter. Janus Henderson Group PLC now owns 604,019 shares of the company’s stock valued at $203,464,000 after acquiring an additional 576,559 shares in the last quarter. Capital World Investors increased its stake in shares of Charter Communications by 4.1% in the 2nd quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after acquiring an additional 402,167 shares in the last quarter. Finally, Allen Investment Management LLC bought a new stake in shares of Charter Communications in the 2nd quarter valued at $127,850,000. Institutional investors own 74.10% of the company’s stock.
Several analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. BidaskClub lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. HSBC Holdings plc reiterated a “hold” rating and issued a $360.00 price objective (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $340.00 to $450.00 in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $372.00 price target (up previously from $330.00) on shares of Charter Communications in a research report on Sunday, July 30th. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Charter Communications has an average rating of “Buy” and a consensus target price of $381.86.
In other news, EVP Jonathan Hargis sold 10,976 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the transaction, the executive vice president now directly owns 18,025 shares in the company, valued at $7,191,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.
Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.63% during trading on Friday, reaching $367.40. 1,238,972 shares of the company’s stock were exchanged. Charter Communications, Inc. has a 12 month low of $241.50 and a 12 month high of $408.83. The firm has a 50 day moving average of $378.89 and a 200-day moving average of $351.63. The stock has a market cap of $94.75 billion, a PE ratio of 105.24 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. Charter Communications’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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Charter Communications Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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